FLM/AMIGO

[Fireworks88]

Hi

 

I have an flm/amigo loan that has not been acknowledged since 2012 - I believe this to be statute barred 

 

Does this get removed from my credit file.

 

The loan was taken out in 2011 by my partner but she put it in my name - neither of us could afford it - she would have been accepted as guarantor as she owned her own home however she didnt work and I was at uni. 

 

I have left this abusive relationship and am now getting round to sorting out my financial affairs. The loan is still active on my credit file - should it still be there - how do i get it removed.

 

Is it best to acknowledge this debt now and even though I was never the guarantor pay up?

 

thanks

[dx100uk]

if you are resident in scotland and the debt taken out whilst resident in scotland

after 5yrs the debt is extinguished ...dead ...gone...parrot.

 

though it will show on credit file for 6yrs from the defaulted date.

 

[Fireworks88]

Hi

 

Thank you for your reply. The debt is still active on file and I have never been issued a default

 

What does this mean

[dx100uk]

should be a defaulted date in the debt summary.

[Fireworks88]

hI

 

Thanks for the reply.

 

The loan shows as active with missed payments from 2011.updated in jan 2021

[dx100uk]

so shows as 6 every month from 2011?

[Fireworks88]

yes

[dx100uk]

then you need to write to amigo and complain, under the ICO rules relevant and in force at the time they should have defaulted the debt within 3-6mts of the third missed payment not used 6 infinitum.

 

however an irresponsible lending complaint also needs raising

was your credit file shot with multiple defaults, loans outstanding etc with missed payments too?

 

 

 

[dx100uk]

CAG PDL Reclaim Guide - Indepth Step By Step - PayDay loans and Short Term loans - General - Consumer Action Group

[Fireworks88]

Hi

 

yes my credit file was at the time poor, it still is, im in a position now to adress. The only debt I have is this amigo/flm loan.

 

So, they should have placed the account in default ?

 

What is my next move ?

[Bazooka Boo]

Lodge a formal complaint using their complaints process, IN WRITING.

 

You can also add a 'notice of correction' on your credit file if you wish informing any lenders that the entry is disputed.

[dx100uk]

you might well find an IRL complaint sorts both your issues .